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Glass and ceramics maker $GLW posted net income of $212MM or $0.15 earnings per share, down 79% from a year ago, as a weak China market and the stronger U.S. dollar impacted its businesses. Net sales for the quarter were $2.27Bil, down 11%. On an adjusted basis, earnings fell 8% to $0.34 per share.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.